i dont think we have seen the bottom yet, but ill have to estimate that we must be near it, around .70 should i rekon. After watching this afternoons business headlines i was very shocked to see the CCP didnt make any headlines (not that i have seen yet) .... dj's and fairfax stole the light.
will be intresting to see what reading comes about of this situation tomorrow.
Lets face it, many people pushed the panic button on this one today, and i expect the late comers to do so again tomorrow morning. From then i do beleive CCP can bounce back to somthing in the mid $1.
I do see risk associated with this stock, but on the other hand vaule can be spoted. After reading the latest ann. i can spot positive to come out of the negatives, such as ..
''Large scale recruitment as part of the company’s growth focus has resulted in lower average productivity.''
''The company has incurred substantial costs in building a corporate platform consistent with its historical growth objectives.''
This sugests to me that the coy has had to take a step back before it can take 2 foward.
Bottom line
Risk + Value = Great Rewards Or Great Losses
im leaning towards great rewards pending on who the new CEO will be.
CCP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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